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Cryptocurrency News Articles
Neiro Ethereum Strikes Back with 50% Gain, Analysts Predict $200m Market Cap
Sep 20, 2024 at 01:07 am
Investors in the original Neiro Ethereum were shocked when Binance passed over their token for listing in favor of what many considered a copycat token, First Neiro on Ethereum.
A battle is brewing among Neiro-themed tokens on Ethereum, with the original Neiro Ethereum token rallying sharply after Binance passed it over for listing in favor of the lesser-known First Neiro on Ethereum.
Now, Neiro Ethereum is roaring back with a 50% price gain in 24 hours, showing that the original $NEIRO ETH won’t give up easily.
Predictions are rolling in for an explosive move higher that could shake up the top 10 meme coins list and deliver major returns for holders of both $NEIRO tokens.
Neiro Ethereum Strikes Back with 50% Gain, Analysts Predict $200m Market Cap
Investors in the original Neiro Ethereum were shocked when Binance passed over their token for listing in favor of what many considered a copycat token, First Neiro on Ethereum.
In the days since First Neiro was listed, it’s exploded more than 2,400%—and many Neiro Ethereum supporters believe those gains were supposed to be theirs.
While many traders predicted the Binance listing was a death knell for Neiro Ethereum, the token has come roaring back in the past 24 hours with a 50% gain. Trading volume is also up 65% to $100 million.
Analysts are weighing in on Neiro Ethereum’s strength, pointing out that the token still has the narrative and backing that helped it become the leading $NEIRO token after a bitter fight between Neiro-themed tokens on Solana.
One analyst, posting on X about a month before the Binance listing, noted that $NEIRO has surged back every time the token has fallen below a $200 million market cap.
It’s currently valued at $113 million, suggesting that the token could surge another 77% to reclaim the $200 million level.
$NEIRO holding strong here. Can it see it ranging between 180-220m for some time before the next breakout Every time it's gone below 200m we've seen solid buy pressure, which is a great sign given the shaky market pic.twitter.com/KotgyA4Vzc
Our own technical analysis backs up this prediction. $NEIRO has established strong support around $0.107, and today’s rebound has brought it firmly back over that level. The next area of resistance for $NEIRO is around $0.183, a 72% gain from the current price.
Another analyst, @The__Solstice on X, has set even higher expectations for $NEIRO, suggesting it could be the next $DOGE or $SHIB. The analyst suggested that $NEIRO could overtake $WIF in the near-term, representing a gain of 15x from today’s price.
In the long run, @The__Solstice suggests that $NEIRO could even catch up to $SHIB, delivering a massive 75x gain.
$NEIRO a divine path?After the massacre of solanas infighting, neiro on eth grinded their way to the top.With mods from shiba, and on ethereum, a path to the heavens opened up.Seemingly effortlessly it floated up and up. 30 mil. Then 100. Then 200.What comes next?The… pic.twitter.com/4Otoq8WG96
It’s even possible that Neiro Ethereum could make a play for major exchange listings of its own. The token already trades on HTX, Gate.io, MEXC, and others.
Binance could stir up the meme coin market—and generate plenty of trading revenue for its platform—by listing Neiro Ethereum alongside First Neiro on Ethereum. Alternatively, Coinbase could step in and create market competition with Binance by listing the alternative $NEIRO.
Will This Meme Coin Explode Next? Pepe Unchained Raises $14 million
While the meme coin world is focused on the $NEIRO battle, there’s another exciting project brewing with the potential to be the next Binance listing.
Pepe Unchained, an Ethereum Layer-2 built specifically for meme coin trading and development, has raised more than $14 million and is getting increasingly close to launching its mainnet.
The team teased its upcoming launch in a tweet yesterday, saying that the project has made ‘rapid progress’ and promising more updates soon.
We're making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN
Pepe Unchained is designed to be 100x faster than Ethereum and significantly cheaper, making it the ideal platform for trading meme coins.
Disclaimer:info@kdj.com
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